Impresa - Sociedade Gestora de Participações Sociais SA said its normalized net income for the first quarter was a loss of 1 euro cents per share, compared with a loss of 1 cents per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €1.8 million, compared with a loss of €2.1 million in the year-earlier period.
The normalized profit margin climbed to negative 3.8% from negative 4.3% in the year-earlier period.
Total revenue decreased year over year to €47.7 million from €49.9 million, and total operating expenses declined from the prior-year period to €48.6 million from €50.0 million.
Reported net income came to a loss of €2.4 million, or a loss of 1 cents per share, compared to a loss of €2.8 million, or a loss of 2 cents per share, in the prior-year period.